S&P 500 start of bear market or pullback in a bull market?
Yesterday S&P 500 futures had the biggest slump together with the highest volume since the bottom in 23 Mar 2020. This is definitely a change of character of the uptrend since the bottom in March.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 12 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) based on a localised breakout setup. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later and the current market condition.
I encourage you to watch my daily market analysis video yesterday below if you haven't in order to better relate with the market recap and trade review.
Bias - down (Day trading); Up (long term)
Key levels - Resistance: 3120, 3180, ; Support: 3000, 2930
Potential setup - look for a test of the H4 down accelerated bar (around 3050–3120) and short upon rejection. Or to long upon reversal from the key supporting levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 12 Jun 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the M3 timeframe (including entry, exit and the rationale behind) based on a localised breakout setup. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later and the current market condition.
I encourage you to watch my daily market analysis video yesterday below if you haven't in order to better relate with the market recap and trade review.
Bias - down (Day trading); Up (long term)
Key levels - Resistance: 3120, 3180, ; Support: 3000, 2930
Potential setup - look for a test of the H4 down accelerated bar (around 3050–3120) and short upon rejection. Or to long upon reversal from the key supporting levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Find Out the Top 3 Unknown Stocks Ready to Soar: Click my website below
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.